In 2011 a company sold on its own initiative 9/11 coins calling them ‘exclusively authorized’ – without having been authorised at all. The Federal Trade Commission has now reached a $750,000 settlement with the company.
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A senator introduced a bill to stop the $1 Presidential Coin Programme. There is, however, no apparent reason. In 2011 the same senator fought against the waste of resources when an overproduction of Presidential coins for circulation created costs. Now, these coins are only collector items.
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A new bill is intended to prevent the loss business of producing circulation coins whose production cost exceed their face value by far. However, incidentally, this bill could prevent the profit-making issue of bullion coins as well.
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